SOURCE: DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc.

January 20, 2011 12:47 ET

DecisionPoint Reaches Next Milestone Toward Completing Reverse Merger With Comamtech

Court Approves Solicitation of Comamtech Shareholders

FOOTHILL RANCH, CA--(Marketwire - January 20, 2011) - DecisionPoint Systems, Inc. (OTCBB: DNPI), a leading provider of Enterprise Mobility and RFID solutions, today announced that the next milestone step in the company's merger agreement with Comamtech has been reached. The Canadian court has approved the solicitation of Comamtech shareholders for the purpose of voting on Comamtech's merger agreement with DecisionPoint. Comamtech's special shareholder meeting is expected to take place on February 18, 2011.

"This is an important milestone on the path to completing our merger with Comamtech," said Nicholas Toms, CEO of DecisionPoint. "Within the same time frame that Comamtech prepares for its shareholder vote, DecisionPoint will be working to obtain written consent for the merger from a majority of our shareholders. After obtaining approval from both sets of shareholders, we will move quickly to close the merger. Our intention remains to apply for a Nasdaq Capital Market listing for the combined company as soon as possible once the merger is completed."

For additional details on the reverse merger agreement, please refer to the formal announcement made on October 20, 2010.

About DecisionPoint Systems, Inc.

DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information on DecisionPoint Systems visit:

http://www.decisionpt.com/news.php.

Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectation.

Contact Information

  • Company Contact:
    Nicholas R. Toms
    Chief Executive Officer
    T: 973-290-0100 ext 110
    ntoms@decisionpt.com

    Investor Relations Contact:
    Stephanie Prince/Jody Burfening
    Lippert/Heilshorn & Associates
    T: 212-838-3777
    sprince@lhai.com